Skip to main content

Hotel-Motel

Holiday Inn Chicago – Midway Airport

7353 S Cicero Ave, Chicago, IL 60629

Listing Price: $20,500,000

Cap Rate
7.10%
Number of Rooms
158
RevPAR
$78
Gross SF
154,035
Price/Room
$129,747
RRM
4.55
Price/Gross SF
$133.09
Year Built
1970

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Chicago Midway Airport, a five-story full service hotel located 1.5 Miles from the Midway Airport. Guest rooms include Wi-Fi, Smart TV with Cast enablement, mini-refrigerator, Keurig coffee maker, and numerous plug and USB outlets.

The property is ideally located 12 miles southwest of Downtown Chicago and only 1.5 miles south of Midway Airport. The market is host to several museums and sporting venues, including the United Center (home to NBA's Chicago Bulls) and Wrigley Field (home to MLB's Chicago Cubs), among others. Nearby attractions include Brookfield Zoo, Garfield Park, Chicago Riverwalk and Navy Pier. Chicago is also the third-largest metropolitan area in the U.S.

The Chicago MSA benefits from a large, diverse employment base. There are approximately 4.6 million workers in the region, as well as 35 Fortune 500 companies based locally. The number of corporate headquarters in Chicago is second to only New York City. The largest companies located within 10 miles of the property include Advocate Aurora Health, Walmart and American Airlines.

The Holiday Inn Chicago Midway Airport represents the opportunity to acquire a fully renovated IHG-branded hotel in a desirable market near several demand drivers.

Investment Highlights

  • Recently renovated in 2023 - Over $9M in Capex
  • Turnkey Hotel with operational upside post renovation
  • 1.5 Miles (5 Minutes) to Chicago Midway International Airport
  • Over 10 College campuses within a 10 Mile Radius

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Hotel-Motel

Holiday Inn Chicago – Midway Airport

Listing Price: $20,500,000

Cap Rate
7.10%
Number of Rooms
158
RevPAR
$78
Gross SF
154,035
Price/Room
$129,747
RRM
4.55
Price/Gross SF
$133.09
Year Built
1970

Investment Highlights

  • Recently renovated in 2023 - Over $9M in Capex
  • Turnkey Hotel with operational upside post renovation
  • 1.5 Miles (5 Minutes) to Chicago Midway International Airport
  • Over 10 College campuses within a 10 Mile Radius

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Chicago Midway Airport, a five-story full service hotel located 1.5 Miles from the Midway Airport. Guest rooms include Wi-Fi, Smart TV with Cast enablement, mini-refrigerator, Keurig coffee maker, and numerous plug and USB outlets. The property is ideally located 12 miles southwest of Downtown Chicago and only 1.5 miles south of Midway Airport. The market is host to several museums and sporting venues, including the United Center (home to NBA's Chicago Bulls) and Wrigley Field (home to MLB's Chicago Cubs), among others. Nearby attractions include Brookfield Zoo, Garfield Park, Chicago Riverwalk and Navy Pier. Chicago is also the third-largest metropolitan area in the U.S. The Chicago MSA benefits from a large, diverse employment base. There are approximately 4.6 million workers in the region, as well as 35 Fortune 500 companies based locally. The number of corporate headquarters in Chicago is second to only New York City. The largest companies located within 10 miles of the property include Advocate Aurora Health, Walmart and American Airlines. The Holiday Inn Chicago Midway Airport represents the opportunity to acquire a fully renovated IHG-branded hotel in a desirable market near several demand drivers.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

MM Texture Background
MM Textured Background Lower